Samsung India denies it has laid off 1,000 of its employees in India

The electronics giant has 20,000 employees in India and several under-performers and those not delivering targeted results in their teams were reported to have been asked to leave

Korean electronics giant Samsung on Tuesday denied reports that it had laid off 1,000 employees in India as part of a cost rationalisation programme. The consumer electronics major has lately had to slash prices of its smatphones and television sets amid stiff competition from Chinese rivals in India.

According to a report by the Economic Times, Samsung has 20,000 employees in India and several under-performers and those not delivering targeted results in their teams had been asked to leave. The ET report said manpower rationalisation exercise would encompass sales, marketing, R&D and manufacturing, as well as support functions like finance,